Featured Company News - FedEx Express Purchased Up to 50 New ATR 72-600F Aircrafts from ATR

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LONDON, UK / ACCESSWIRE / November 10, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for FedEx Corp. (NYSE: FDX), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=FDX. The Company announced on November 08, 2017, that its subsidiary, FedEx Express (FedEx), has completed a purchase of 30 ATR 72-600F aircraft with options to purchase up to 20 additional ATR 72-600Fs from ATR. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Details of the Agreement

Deliveries of the aircrafts to FedEx Express will begin in 2020. Subsequent deliveries of about six aircraft per year will be made over a period of five years. These aircraft will be the first new ATRs to be directly delivered from the factory in a freighter configuration.

Purchase of ATR 72-600F is Next Step in FedEx's Fleet Modernization Strategy

David L. Cunningham, President and CEO of FedEx Express, stated that the purchase of new, more advanced feeder aircraft like the ATR 72-600F is the next step in the Company's very successful fleet modernization strategy, which has helped to improve fuel efficiency and fleet reliability in recent years. David added that FedEx worked closely with ATR, which developed this new aircraft with special features to help the Company grow its business, especially in the air freight market where shipments are larger and heavier.

ATR 72-600F, the Only New Large Regional Aircraft Available for Freighter Operations

Christian Scherer, CEO of ATR, congratulated FedEx Express for their long-standing success and for their long-term commercial views for the new ATR 72-600F. Their selection of this new aircraft is the result of a deep technical and economic analysis. The ATR 72-600F is the only new large regional aircraft available on the market for freighter operations. Christian added that ATR is convinced that, with its use by FedEx Express, it will become the new benchmark for regional air cargo operations.

What is ATR 72-600F?

ATR 72-600F aircraft features a class E main cabin for cargo operations, and supports both bulk cargo and Unit Load Device (ULD) configurations. It has a brand new windowless fuselage and is equipped with a forward Large Cargo Door (LCD) and a rear upper hinged cargo door. The ATR 72-600F has a bulk capacity of 74.6 m3, and when in ULD mode, can accommodate up to seven LD3 containers, or five 88" x 108", or nine 88" x 62" pallets. The aircraft is also equipped with new reinforced floor panels.

About FedEx Express

FedEx Express is the world's largest express transportation company, providing fast and reliable delivery for more than 3.6 million shipments each business day. Based in Memphis, Tennessee, the Company's global network provides time-sensitive, air-ground express service through 375 airports worldwide.

About ATR

Established in 1981, ATR is the world leader in the market for regional aircraft up to 90 seats. The Company is a joint partnership between two major European aeronautics players, Airbus and Leonardo.

Last Close Stock Review

FedEx's share price finished yesterday's trading session at $217.44, sliding 1.39%. A total volume of 994.80 thousand shares have exchanged hands. The Company's stock price surged 6.14% in the last three months, 13.45% in the past six months, and 20.02% in the previous twelve months. Additionally, the stock rallied 16.78% since the start of the year. Shares of the Company have a PE ratio of 20.47 and have a dividend yield of 0.92%. The stock currently has a market cap of $58.58 billion.

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